Drive To Work
Drive To Work maintains stable finances with growing assets and no reported officer compensation.
EIN: 208612550 · Richmond, VA · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $468K |
| Total Expenses | $389K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $400k |
| Net Assets | $369K |
| Transparency Score | 85/100 |
Is Drive To Work Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Drive To Work directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Drive To Work
Drive To Work (EIN: 208612550) is a nonprofit organization based in Richmond, VA, classified under NTEE code P20. The organization reported total revenue of $468K and total assets of $473K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drive To Work's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drive To Work is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $469K |
| Total Expenses | $389K |
| Surplus / Deficit | +$80K |
| Total Assets | $412K |
| Total Liabilities | $43K |
| Net Assets | $369K |
| Operating Margin | 17.0% |
| Debt-to-Asset Ratio | 10.5% |
| Months of Reserves | 12.7 months |
Financial Health Grade: A
In 2023, Drive To Work reported a surplus of $80K with revenue exceeding expenses, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 10.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Drive To Work's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.0% | -0.4% | +8.9% |
| 2022 | +30.3% | +11.8% | +150.2% |
| 2021 | +86.1% | -21.8% | +74.8% |
| 2020 | -54.4% | -16.3% | -63.4% |
| 2019 | -0.3% | +1.7% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Drive To Work with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Drive To Work allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $80K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led executive team or compensation structured outside of traditional officer compensation, which is highly favorable for an organization of its size with revenues around $400k-$500k.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Drive To Work:
- Consistent 0% officer compensation reported across all filings, indicating efficient use of funds.
- Positive net asset growth, with assets increasing from $86,497 in 2020 to $411,898 in 2023.
- Revenues consistently exceeding expenses in recent years (e.g., 2023 revenue $468,881 vs. expenses $389,262), demonstrating financial stability.
- Strong history of 13 IRS 990 filings, indicating commitment to transparency and regulatory compliance.
- Manageable liabilities relative to assets, with a low liability-to-asset ratio (e.g., 10.5% in 2023).
Frequently Asked Questions about Drive To Work
Is Drive To Work a legitimate charity?
Drive To Work (EIN: 208612550) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $468K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Drive To Work spend its money?
Drive To Work directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Drive To Work tax-deductible?
Drive To Work is registered as a tax-exempt nonprofit (EIN: 208612550). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Drive To Work CEO make?
Drive To Work's highest-compensated officer earns $400k annually. The organization reported $468K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Drive To Work's spending goes to programs?
Drive To Work directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Drive To Work compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Drive To Work is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Drive To Work located?
Drive To Work is headquartered in Richmond, Virginia and files with the IRS under EIN 208612550. It is classified under NTEE code P20.
How many years of IRS 990 filings does Drive To Work have?
Drive To Work has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $468K in total revenue.
Is Drive To Work a good charity?
Based on the available financial data, Drive To Work appears to be a well-managed charity. It consistently reports 0% officer compensation, maintains a positive financial position with growing assets, and has a strong history of IRS 990 filings, indicating good transparency and financial stewardship.
How has Drive To Work's financial health changed over time?
Drive To Work has shown significant financial improvement since 2020, when expenses ($446,791) exceeded revenue ($238,928) and assets were lower ($86,497). By 2023, revenue ($468,881) comfortably exceeded expenses ($389,262), and assets had grown substantially to $411,898, indicating a positive trend in financial stability and growth.
What is Drive To Work's approach to executive compensation?
Drive To Work consistently reports 0% officer compensation in its IRS 990 filings. This suggests that the organization's leadership may be entirely volunteer-based or compensated through non-officer roles, which is a strong indicator of efficient use of funds and dedication to its mission.
Filing History
IRS 990 filing history for Drive To Work showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Drive To Work's revenue has grown by 97.9%, moving from $237K to $469K. Total assets increased by 933.8% over the same period, from $40K to $412K. Total functional expenses rose by 70.6%, from $228K to $389K. In its most recent filing year (2023), Drive To Work reported a surplus of $80K, with revenue exceeding expenses. The organization holds $43K in liabilities against $412K in assets (debt-to-asset ratio: 10.5%), resulting in net assets of $369K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $469K | $389K | $412K | $43K | — | — |
| 2022 | $579K | $391K | $378K | $89K | — | View 990 |
| 2021 | $445K | $350K | $151K | $51K | — | View 990 |
| 2020 | $239K | $447K | $86K | $81K | — | View 990 |
| 2019 | $524K | $534K | $237K | $21K | — | View 990 |
| 2018 | $525K | $525K | $234K | $8K | — | View 990 |
| 2017 | $511K | $487K | $242K | $9K | — | View 990 |
| 2016 | $489K | $434K | $222K | $13K | — | View 990 |
| 2015 | $426K | $381K | $169K | $15K | — | View 990 |
| 2014 | $398K | $328K | $121K | $11K | — | View 990 |
| 2013 | $325K | $309K | $69K | $29K | — | View 990 |
| 2012 | $282K | $267K | $68K | $44K | — | View 990 |
| 2011 | $237K | $228K | $40K | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $469K, expenses of $389K, and assets of $412K (revenue -19.0% year-over-year).
- 2022: Revenue of $579K, expenses of $391K, and assets of $378K (revenue +30.3% year-over-year).
- 2021: Revenue of $445K, expenses of $350K, and assets of $151K (revenue +86.1% year-over-year).
- 2020: Revenue of $239K, expenses of $447K, and assets of $86K (revenue -54.4% year-over-year).
- 2019: Revenue of $524K, expenses of $534K, and assets of $237K (revenue -0.3% year-over-year).
- 2018: Revenue of $525K, expenses of $525K, and assets of $234K (revenue +2.7% year-over-year).
- 2017: Revenue of $511K, expenses of $487K, and assets of $242K (revenue +4.7% year-over-year).
- 2016: Revenue of $489K, expenses of $434K, and assets of $222K (revenue +14.8% year-over-year).
- 2015: Revenue of $426K, expenses of $381K, and assets of $169K (revenue +7.1% year-over-year).
- 2014: Revenue of $398K, expenses of $328K, and assets of $121K (revenue +22.3% year-over-year).
- 2013: Revenue of $325K, expenses of $309K, and assets of $69K (revenue +15.3% year-over-year).
- 2012: Revenue of $282K, expenses of $267K, and assets of $68K (revenue +18.9% year-over-year).
- 2011: Revenue of $237K, expenses of $228K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drive To Work:
Data Sources and Methodology
This transparency report for Drive To Work is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.